COMFORTABLE LOCAL SPONSOR IN DUBAI MAIN LAND FOR COMPANY FORMATION (UAE NATIONAL)

Description

According to the UAE Companies Law, the business setup of a Mainland Limited Liability company that involves foreign investment mandates the involvement of a local sponsorship now is not required. Finding a local sponsorship in Dubai, UAE for the business always remains a demanding task for startups and new entrepreneurs in the Emirates. A local sponsorship is a UAE national or a citizen of UAE (locally known as Emirati). The foreign company is bound to pay a lump sum amount every year for the services offered by the local sponsorship in Dubai, UAE. A corporate business partner is similar to a local business partner and the difference is that the former is a business entity and the latter is an individual. A corporate business partner is a corporate entity fully owned by UAE nationals and comprises of a board of directors. A power of attorney acts on behalf of the corporate company.

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